Global Homecare Medical Equipment Market to Witness High Demand for Mobility Devices

Published Date : Mar 07, 2016

Albany, New York, March 07, 2016: now carries a new report on its website. The report, titled ‘Homecare Medical Equipment Markets Share Analysis: Market Shares, Analysis, And Index, Worldwide, 2006 To Current, Quarterly,’ is an exhaustive study of the prevailing dynamics in the market. The report states that the growing number of aged people, who need medical assistance owing to their frail health, will stoke the demand for homecare medical equipment.

The key products in the homecare equipment market include: oxygen treatment equipment, wheelchairs, accessibility beds, scooters, toilets, lifts, and others. While homecare medical equipment has conventionally been sold through distributors, the trend of direct sales through retail channels has now taken root, causing a change in the dynamics of the homecare medical equipment market. Consequently, this has led to a consolidation of distribution networks in the global homecare medical equipment market, causing a decrease in the number of homecare medical equipment distributors.

The report predicts that mobility devices will witness higher demand in the coming years on account of the growing age-related disabilities worldwide. This is already causing an evolution in wheelchair technology, resulting in the growing popularity of power wheelchairs. Although sales of power wheelchairs are growing, the demand for manual versions is still steady in developing countries. Where mobility is required in outdoor environments, the use of medical scooters is commonly seen. The homecare medical equipment market will benefit from the increasing sales of such mobility devices.

Companies are now focusing on making their homecare medical equipment more user-friendly and pocket-friendly. Sales of homecare medical equipment are also impacted by whether or not favorable reimbursement policies are available to consumers.

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Besides the escalating demand for homecare medical equipment, the homecare medical equipment market will also see greater demand for portable oxygen treatment equipment. The increased affordability of such devices and their improved mobility has brought more consumers into the folds of the homecare medical equipment market. The report also studies the demand for stationary oxygen concentrators designed for night use.

To help clients understand the factors that will help market participants secure a competitive advantage in the global homecare medical equipment market, the report studies the current standing of the following companies: Drive Medical, Meyra, AirSep, Philips Respironics, Inogen, Graham Field, Invacare, and others. The annual and quarterly revenue of each of these major companies is discussed in the report.

Composed of 15 pages, the report has been published in February 2016. Packed with systematically-analyzed data and figures, the market research study will prove to be a useful decision-making tool for companies whose interests lie in the homecare medical equipment market.

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